MidFirst Bank has seen significant growth over the past decade, increasing its assets by nearly 300% to $37 billion. Starting as a mortgage company in 1954, MidFirst has evolved into the largest privately owned bank in the nation. Under the leadership of CEO G. Jeffrey Records, Jr., the bank has strategically expanded its employee base, capabilities, and market reach while maintaining a focus on exceptional customer service. Even during the Great Financial Crisis of 2008-2009, MidFirst remained profitable, earning a place among the top 5% of its peers in terms of return on equity.
As a privately owned institution, MidFirst is able to align its long-term vision with the needs of its customers, employees, and communities without the pressure of managing quarterly earnings that publicly traded banks face. The bank’s senior leadership team, led by Records, carefully evaluates investments and opportunities to make strategic decisions that benefit all stakeholders. Despite its significant growth, MidFirst has maintained a reputation for stability, with its total capital more than doubling over the past five years, making it one of the most well-capitalized banks in the nation.
MidFirst’s commitment to stability is further reinforced by the fact that 83% of its deposits are FDIC-insured, making it one of the most stable banks in the country. The bank’s diverse customer base, which includes multi-generational clients, benefits from its comprehensive financial offerings and personalized service. MidFirst’s employees, who number over 3,000, embrace the strong company culture set by the executive team and are committed to serving the needs of customers across the bank’s 100 locations nationwide.
In addition to being recognized as a top place to work and bank, MidFirst has received accolades such as being named one of “America’s Best Midsize Employers” and a “World’s Best Bank” by Forbes and Statista. The bank’s financial education program has also been praised, helping over 200,000 individuals through coaching sessions and workshops. MidFirst’s philanthropic efforts, including its Cause Debit Card Program which has generated over $5 million in donations for non-profit organizations, further demonstrate its commitment to making a positive impact on the communities it serves.
MidFirst continues to expand its reach into new markets, including California, Nevada, Utah, and Texas, while maintaining its dedication to providing the financial products of a large bank with the personalized service of a community bank. With a focus on financial education, philanthropy, and exceptional customer service, MidFirst is well-positioned to continue its success and growth in the years to come. Through its enduring foundation and commitment to being Strong, Stable, and Private, MidFirst remains a leader in the banking industry.
